Direct Indexing Associate Portfolio Manager
Vanguard Open · verified Oct 21, 2026 At a glance
Manager-level Investment & Corporate Development role at Vanguard. Oakland · full-time · $70,000–$125,000 base.
financeroles summary, based on the employer's posting.
What you'll do
- Prepare direct-indexing portfolios to meet investment objectives while respecting client restrictions and regulatory limits
- Work with investment advisors on portfolio construction plans and personalized indexing for financial planning clients
- Monitor trading so portfolios follow their assigned indexes, and investigate exceptions with internal teams
- Review portfolio data, resolve process problems and assess workflow changes against business needs and regulations
- Build relationships with clients and internal teams, and contribute to policy improvements and special projects
What you bring
- You have an undergraduate degree or an equivalent mix of training and experience
- You bring five years of related financial services or client services experience
Who this fits
This manager-level role suits you if you can prepare and monitor client portfolios while working with advisors and internal teams. Vanguard is not offering visa sponsorship for this position. Portfolio managers are given as an example of roles that may work from the office, and your model will be communicated during interviews.
From the employer
Job Summary
Responsible for direct indexing trading activities and processes. Provides exceptional client outcomes while adhering to regulatory and internal standards.
Core Responsibilities
- Prepares assigned direct indexing portfolios that meet or exceed performance standards consistent with investment objectives, while adhering to client-specified or regulatory restrictions and constraints.
- Collaborates and partners with investment advisors to deliver portfolio construction plans. Offers strategies for financial planning accounts and set up required personalized indexing capabilities for clients.
- Analyzes portfolio management data and oversees resolution of process issues. Collaborates with internal stakeholders to investigate exceptions within trading instructions.
- Reviews and monitors portfolios' trading activity to ensure portfolios track assigned index appropriately and correctly.
- Supports the delivery of sophisticated portfolio construction and management strategy for complex financial planning accounts.
- Builds relationships with external clients and internal departments. Acts as a liaison to facilitate a successful strategic approach to meet client and business needs.
- Participates in and may lead initiatives to improve departmental policies and procedures. Review workflow changes to ensure they better meet evolving business needs and maintain adherence to external regulations.
- Participates in special projects and performs other duties as assigned.
Qualifications
- Five years' related work experience in the Financial Services industry or client services preferred.
- Undergraduate degree or equivalent combination of training and experience.
- Progress towards or completion of CFA or CFP preferred.
Special Factors
Sponsorship
Vanguard is not offering visa sponsorship for this position.About Vanguard
At Vanguard, we don't just have a mission—we're on a mission.
To work for the long-term financial wellbeing of our clients. To lead through product and services that transform our clients' lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne, our mission drives us forward and inspires us to be our best.
Future of Work
During the pandemic, we transitioned to a work from home model for the majority of our crew and we continue to interview, hire, and on-board future crew remotely.
As we have developed the path forward, we have taken a thoughtful approach that both maximizes the advantages of working remotely and the many benefits of coming together and collaborating in a shared workspace. We believe that in-person interactions among our crew are important for preserving our unique culture and advantageous for the personal development of our crew.
When our Crew return to the office, many will work in our hybrid model. A smaller proportion of our crew will operate in the Work from Home work model (for example, field sales crew); or in the Work from Office model (for example, portfolio managers).
The working model that your role falls into will be communicated to you in the interview process – please do ask if you are unsure. We encourage you to make the decision regarding your job interview and offer knowing which model your role will fall into. We will test and learn as our ways of working evolve and will continue to evaluate working models along the way.
Salary Range:
$70,000.00 - $125,000.00